Press release
Plasticizers Market Increasing at a CAGR 5.50% between 2016 and 2024
View Full Report:
https://www.transparencymarketresearch.com/global-plasticizers-market.html
The leading players are focusing on technological developments to produce a variety of plasticizer products with world-class quality in a bid to strengthen their foothold on the market. This, as a result, is likely to intensify the competition within this market over the next few years, reports the study.
According to TMR, the global market for plasticizers, which was worth US$14.85 bn in 2015, is likely to swell at a CAGR of 5.50% during the period from 2016 to 2024 and attain a value of US$23.87 bn by the end of the forecast period. In terms of production volume, the market is anticipated to touch 12,109.0 kilo tons by 2024. Plasticizers have found significant application in floor walls and coverings, much higher than other applications. Analysts expect the scenario to remain unchanged over the forthcoming years.
Request to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=753 v
Ongoing Infrastructural Advancements to Ensure Asia Pacific’s Lead
The research report, further, provides a comprehensive assessment of the geographical spread of the worldwide market for plasticizers. As per the study, Asia Pacific, Latin America, North America, Europe, and the Middle East and Africa are the key regional markets for plasticizers across the world. Among these, Asia Pacific has acquired the dominant position in this market, thanks to the accelerating usage of PVC products in the housing and construction, automotive, electric and electronics, and the medical and healthcare sectors in this region.
Request to download and view full ToC -
https://www.transparencymarketresearch.com/report-toc/753
The lead of this regional market is likely to continue during the forecast period, expanding at a CAGR of 6.10%, owing to the infrastructural advancements, fueled by the strengthening economy in Asia Pacific, specifically in China, Japan, Korea, and India. On the flip side, the plasticizers markets in Europe and North America are anticipated to witness a slowdown in their respective growth rates in the near future. Both the markets are nearing maturity, which is likely to impact them adversely over the forthcoming years, notes the study.
Rising Urbanization to Have Most Prominent Impact on Market’s Growth
“The substantial rise in the construction industry, thanks to the rapid urbanization taking place across the world, is having the most significant effect on the global plasticizers market,” says the author of the study. With the economic growth, the rate of urbanization in emerging economies has rocketed, resulting in the increase in construction activities, infrastructural developments in the medical and the healthcare sector, and a considerable growth in the automotive industry, which, consequently, is augmenting the demand for plasticizers, globally.
On the other hand, the rising awareness regarding the harmful effects of plastics on the environment, enforcement of strict government norms limiting the utilization of plasticizers, and the high cost associated with the production of plasticizer may act at a restraint against the growth of this market in the near future. However, the increasing replacement of wood and iron products with plastics, such as doors, windows, floorings, and pipes, will reflect positively this market over the forecast period, states the report.
Global Plasticizers MarketReport is available at US$ 5795 -
http://www.transparencymarketresearch.com/checkout.php?rep_id=753<ype=S
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Plasticizers Market Increasing at a CAGR 5.50% between 2016 and 2024 here
News-ID: 766769 • Views: …
More Releases from Transparency Market Research Reports
High Purity Quartz Market - Global Industry Report, 2030
High Purity Quartz Market: Introduction
Albany, NY - The global high purity quartz market was valued at ~US$ 800 Mn in 2019 and is anticipated to expand at a CAGR of ~6% during the forecast period. The global high purity quartz market is driven by increase in demand for high purity quartz in the global semiconductor industry. Asia Pacific accounts for a major share of the global high purity quartz market,…
Smart Remote Control Market: Analysts Expect Robust Growth in 2028
The rise in the use of technology across the globe has hit the shore of remote controls too. On the back of technological advancements, the smart remote control market may gain considerable momentum across the forecast period of 2019 -2028. The shift in consumer preference from cost-effectiveness to convenience is serving as a prominent growth factor for the smart remote control market. Based on technology type, the smart remote control…
HYDROGEN SULFIDE SCAVENGERS MARKET TO REACH A VALUE OF ~US$ 655 MN BY 2027: TRAN …
Hydrogen Sulfide Scavengers Market: Key Highlights
The global hydrogen sulfide scavengers market was valued at ~US$ 440 Mn in 2018, and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Increase in crude oil production enhances oilfield operations such as drilling, cementing, production, workover and completion, and well stimulation. This drives the demand for production chemicals such as hydrogen sulfide scavengers.
The demand for crude oil is increasing…
METAL-ORGANIC FRAMEWORK MARKET TO REACH A VALUATION OF ~US$ 24 MN BY 2027: TRANS …
Metal-organic Framework Market: Introduction
In terms of value, the global metal-organic framework market is anticipated to expand at a CAGR of ~11% from 2019 to 2027
Metal-organic framework is a class of porous materials constructed from metal-rich inorganic nodes bonded with organic linkers. The structure provides high density of three-dimensional porous cores with a large surface area, uniform cross-linkages, and tunable porosity. Metal-organic framework possesses excellent absorption rate for hydrogen, water, carbon…
More Releases for TMR
Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future.
Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200
Among regions, North America,…
TMR Research
Global 3D Animation Market: Snapshot
The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation…
TMR
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing…
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023.
Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158
Monolithic ceramics are…
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013…
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot
Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the…
